European Bank Stocks Suffers Brief Dip After U.S. Jobs Data

European Bank Stocks Experience Brief Decline Following U.S. Jobs Data

LONDON (Reuters) – European shares briefly extended losses with a widely watched gauge of banking shares dipping 1% after data showed U.S. jobs growth in August missed estimates by a wide margin, fuelling fears that bets of a robust economic recovery may be overdone.

The weakness in U.S. data rippled across markets with non-dollar currencies – including the British pound and the Australian dollar – perking up in late London trading.

Bitcoin rose to its highest since mid-May, up around 3% at $50,745.

(Reporting by London Markets Team; Editing by Karin Strohecker)